Snapshots That Wow!

Chinese Vroom Zoom!

“Just two decades ago, China had little capacity to make cars, & owning one was considered novel. Today, China produces and exports more cars than any other country in the world.

Last year, China sold 1.7 million electric cars abroad, nearly 50 percent more than the next largest exporter, Germany.”

Source: NYTimes

Chinese manufacturing at scale is unbeatable!

One of the prime reasons for the explosion in Chinese car exports has been the low cost of manufacturing for comparable specs between European and Chinese manufacturers; making Europe the largest destination for Chinese exports.

Source: NYTimes

Swifties crown a queen by a large margin!

Taylor Swift’s Era tour concluded earlier this week with a total gross collection of over $2bn over 149 shows! This makes it the most successful concert tour at almost 90% higher sales vs. the next- Coldplay’s Music of the Spheres tour.

Source: WSJ

Reality strikes better than vanity!

They say sales is vanity and cash profits reality- well if Swifties didn’t impress you with their $2bn spend on the Era’s tour, perhaps the queen would with her netting almost $1bn after paying out a whopping bonus of almost $200mn!

Source: WSJ

Everything is cyclical!

Of the Russell 3000 companies (broadly the top 3000 listed companies in the US) only 17% of the companies that grew sales at 20% CAGR for 3 years see the same or higher CAGR in sales for the next 3 years.

Source: Michael Mauboussin

What are we paying for in India?

“$TISG is a key player in the luxury yacht industry, specialising in building and refitting motor and sailing yachts under brands like Admiral and Tecnomar. Ultra luxury with growth available at 7x EV/EBIT”

Having the AGM in a coastal Tuscan town with the best marble and a 5% dividend yield doesn’t hurt either! I petition to upgrade from extra saccharine cutting chai at our AGMs!

Source: Quartr App